Learn how to analyze deals

[Tom Woythal]

Hello, i am very new to this, and am not sure how to distinguish a good deal from a bad, even with the calculators. I was wondering if someone could possibly help me out in some of these areas until I kind of learn what to look for. I've provided a link to a property that I found on Zillow. From all practical purposes it looks like it's going for a really good price, but it's been listed for some time now (therefore I know there's a reason why nobody else wants it). Any input and advice would be appreciated. Thanks! 

Here's the link:

http://www.zillow.com/homedetails/936-N-Monroe-Pl-Mason-City-IA-50401/86910537_zpid/?utm_source=email&utm_medium=email&utm_campaign=emo-sendtofriend-hdp&rtoken=bf351822-348a-4488-a40b-fe47fded8eab~X1-ZUx9yl5gxhs07d_9vdv6

[Dean H.]

I read thru the listing very quickly and I come away wondering two things

1. MOLD, It came from somewhere, New roof, Replumb, or crawl space issues will be big $$$$

2. Seller does not prorate taxes, often a keyword that means its loaded with years of back taxes they want to stick you with

I'll let the real experts continue,,,,,,,,,,,